Archive for Forex Apprenticeship
Change Is Good…
Posted by: | CommentsHello everybody! It has been a long time since I have posted on this blog, but suffice it to say that life often gets in the way. Family stuff and maniacal work loads have kept me hopping for the past few months, but at long last, things have settled down and I can get back to the things I really want to focus on…one of them being my forex journey. Read More→
Steady As She Goes…
Posted by: | CommentsHello everybody. Well, it has been several weeks since I’ve posted anything about my progress, but I really was waiting to make sure I had something to talk about. Here goes… Read More→
Two Week Check In…
Posted by: | CommentsOh how time has flown! I can’t believe it’s been two weeks since I last posted. So, how’s it going? Well, apparently February has historically been a difficult month for getting pips, and 2011 has proven to be no exception. However, I did manage to get my pips and continue to maintain positive averages. It did take longer to sit and wait for trades as both correlation and movement were often not present at the same time. My patience did pay off and I was rewarded with some very good trades.
Another Positive Week
Posted by: | CommentsJust finished week 3 of my apprenticeship on a positive note. This week showed more activity than last week, so it was easier to get a feel for when the currencies have movement. I am feeling really good about what I have accomplished this week. I really enjoy sharing my results with other members of the BBC and seeing how other people are doing. We are all at different levels, but everyone is very supportive of each other no matter where you are.
Since I have met my target for the week, and in the spirit of preserving my capital, I am done trading for the week. I’ll be back at it next week.
Have a great weekend! 
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Checking In…
Posted by: | CommentsWeek 2 has gone off without a hitch for me. I only traded 3 days this week and met my target. Day 2 of my trading was a nice surprise for me. I am always ready with coffee in hand to sit at my trading platform for an hour or so. On this day I sat down, had a couple of sips of my coffee after making my final preparations and began my full observation when a quick run of the currencies took place. I jumped in for a quick snatch of my pips and I was done for the day in less than 20 minutes. Wow…I wish every day was that easy. I was so excited! However, I was a little stunned because I hadn’t planned anything to do for the remainder of the time I had set aside for trading…oh darn…free time. 
Jody’s Journey into Forex in 2011
Posted by: | CommentsLast year around this time, I agreed to put this blog on our website to track a beginner’s experiences in leaning to trade forex.
Sam did a really good job and you can read all about it by clicking here. Sam is now a successful, ‘part-time’ trader. She wouldn’t call herself a ‘professional’ trader, because she uses what she’s learned to make very good money, but her life still centres around her husband, four children, two dogs and many other interests, so there are many days when she doesn’t sit down to trade.
Unfortunately, she didn’t have the time to continue with her daily experiences with forex – as she says herself, life is now just too full for her – and she thinks that it’s really a little boring to relate what happens on a day by day basis because she simply does what she does over and over again.
So, we have asked another brand-new person who started our January 2011 course just this week, if she will relate her experiences, ‘through the forex training.’
This year, Jody, a single Mom from California with grown-up children, will be taking up the responsi-bility for this blog. She has carte-blanche from me to say exactly what her impressions are, warts and all. I hope you enjoy her blog. She starts from a ‘know-nothing about forex’ basis just like Sam did.
Happy New Year to everyone.
Sid
January 5th 2011
A New Forex Era Looming?
Posted by: | CommentsThis week, for the first time, I reached my weekly target on Wednesday, and true to the spirit of making money safely, I closed my trading platform in the happy knowledge that I would not be trading again this week.
This may be difficult to understand but I have gone through the most amazing transition in my thinking about money-making. This apprenticeship is really where you start to appreciate that making money from forex, the ‘Forex Training Works‘ way is so different from my previous perception. I know that I have turned a corner that will change my life from now on.
What is the difference? Well, it’s about changing a conditioned mindset. Just ten weeks ago, when I started the forex training course on February 1st, I KNEW that the harder I worked, the more hours I put in, the more effort I expended – the more money I would make. Let’s apply that to forex for a moment.
On average, I am actually trading for around one hour in the morning. If I can make my target in an hour – it it seems to be a no-brainer, that if I work for four hours I could make four times the money. If I worked even harder and put in eight hours and expended equal effort – I could make eight times the money. In the outside world, I know that’s true. In forex it is completely the reverse.
SAFE trading to make money is about CAREFULLY using a time period for what looks like a small achievement. To risk that achievement would be a nonsense because that small CONSISTENT achievement adds up to an enormous profit as it rolls up and compounds. Best of all, and this is where I have turned a corner, it is a super STRESSLESS and risk-less way of making money work for you – instead of you working for money.
I have ‘worked’ at forex trading, for around three hours this week. I have added up my ‘potential’ earnings since I started demo trading seven weeks ago – and I am amazed at my potential ‘return on investment’.
Return on investment, as I have learned, is the percentage amount my original capital sum has grown over this period. We don’t ever talk actual money because it’s obvious that the percentage brings us all to a level playing field whatever small or large capital we start with.
My return on investment at a small 10 pip a week target has been almost 22% in just seven weeks. Compare that, to the money we have in an investment account that is earning us around 2.5% per YEAR right now.
So on the basis of the possibilities, without stress, without hours and almost without effort, my husband and I have decided that if I can confirm these results over the next week or so without trauma – I will become a live trader.
I realize that ‘going live’ will present different challenges – but I know I can do this. I enjoy doing it and this new direction could genuinely change our lives.
I started this, HOPING I could do it. Now I know I can.
Sam 
Easter Holidays Forex Day Dream
Posted by: | CommentsI have been a good forex apprentice and have spent the last two days going over ALL of the training Sid and Kris have given to us as I thought now was an ideal time to just make sure I don’t slip into any bad habits and to go over some of Sid’s really helpful points. Then it hit me – by this time next year I will be a successful trader. I could be buying my family an Easter holiday thanks to all the hard work and one to one personal attention that Sid and Kris continue to give me each day.
I have really missed trading the last two days but knew I had to do this and with things being a bit quieter right after the Easter break I don’t feel I have missed out too much. Mind you, having said that and from what I have seen in the BBC Club – I could have had a great morning this morning.
Ah well, these things happen eh? I would prefer to have a good morning tomorrow having done some revision!
I know that I have said that this before, but learning forex, really is like learning to drive – but better. After you learn to drive and dependant on your personality, new drivers either roar off into the distance or take a gentle drive by themselves. The difference here is we are not taking any risk, Sid and Kris are still here to make sure we don’t forget what we have learnt and really practice to ensure we get the most out of forex.
Sam
My First Forex Easter
Posted by: | CommentsWell can you believe it – it’s nearly Easter and we are so close to the much anticipated Easter weekend and I refuse to let this awful weather get the better of me!
When you need to cram five days in to four it can get a bit hectic, in fact I was in Nottingham all day Tuesday and had my first mobile trade! It has been another great week for me – and Sid’s golden rule of safety first has paid off dividends!
I am loving my new found skill of patience and let me tell you why; I know that they say self praise is no praise – buy hey, this is my blog and Sid has said I say what I like so here goes!
Sid has taught us how to read the market and make the most out of it – after all we are here to make our lives better financially. One of the important rules we are taught is not to trade when in doubt; I have been really diligent this week and have been at my desk at 6.30 each day before sorting out the normal daily chores. I have it scheduled into my diary as my daily forex rendez-vous!
Anyway, today it just didn’t feel right – so I didn’t trade. Sounds daft – but it was the right think to do. I listened to what Sid advised us and decided not to risk what I have already made this week.
Sid really made my day after I sent in my daily update when he sent a short email saying “well done” on my decision today. Now isn’t that great one-to-one support after a forex training course?! Sid and Kris have been so great and they are both so patient, although I have no idea how they find the time for all of us!
Right that’s it for today – this might not sound like much to those who are looking at doing a forex training course, but believe me once you begin to learn about how to make money with forex, each new golden rule you experience is even more exciting than the last! By keeping my money safe today I am still making money as I didn’t risk anything – and that’s the point. It’s not about risk – and now I really get it! It really does pay to listen and lock away the ego!
Making Hay Whilst The Sun Shines
Posted by: | CommentsWell, just trying to catch up with myself again after my folks came for a long weekend. So lovely to see them and we had what I call a good old-fashioned family get-together which I love. However, it’s back to the real world and I realised that I’m guilty of not keeping up with my blog posting – so if you are following my progress – I apologise for the long gap and I’ll try to keep up in future
Well, this is a story of last week. I’m still on a voyage of discovery here and it’s probably one of the most exciting things I’ve been involved with for a very long time. I need to explain a few things so you’ll understand where I’m coming from – and more importantly, where I’m going, as I develop my understanding. Because this is SO much better than I have given it credit for up to now. Read More→